Meet the Groaners

[TheFunk]

The rumour I heard on Tuesday has now made Twitter. I thought it was bullshit when I heard the figure quoted. Apparently Eco Power have bought the club for £35m. If true we're massively in debt or they've got a wealthy backer from somewhere. I still think it's bullshit.

[mushRTID]

35m???

[Prez]

Eco power have been rumoured for a while now to be interested in taking over but where on earth does 35 million come from??

[Chris Black come back]

Eco Power would struggle to put up 10pc of that judging by their accounts.

[scawsby steve]

Well said Branston. Having a well run club is essential these days. Never do I want to go back to the era of Richardson. People might want to be careful what they wish for

I actually think he's in a bit of a pickle!

Bessie, I think you'll have Mr Pies after you for plagiarism.

[no eyed deer]

Ah No point in going then I guess

Did you manage to get a ticket ?

[roversdude]

Yeah

[roversdude]

The EcoPower rumour keeps cropping up, think it first started last summer, gets added to with bits like they are paying the wages etc.
Guess it’s easy to set off rumours with social media.
Personally only rumours I listen to are by Fleetwood Mac

[big fat yorkshire pudding]

I mean firstly, I suspect/assume the current owners will basically give the club away or for a very small amount, never in a million years would someone spend £35m on Rovers, what are you getting for that?  You'd have to be stupid or very stupid to do so.

Secondly, I suspect at some point in the coming time they will sell it on, everything to me points to that.  But, we as fans (and the VSC guys will be all over anything that does happen as is their role) should be cautious whilst optimistic.  What are any prospective new owners aims, how are they wanting to do it and importantly how will they fund that.

Clearly fans want more funding in to the club, we all do.  But that can have a huge cost longer term, we certainly don't want someone who's going to put funds in to the club via debt as that will only end in tears.  That is partially my fear a little bit.  We've now got a good prospect of a club ripe for takeover because you can come in and basically do very little, it's sustainable.  But that also means it's ripe for someone to come in and cause damage and I'm sure we're all wary of that.

[wing commander]

    It's a tough one and in truth i'm caught in two minds..The current ownership have done a fantastic job for a long time and we have a lot to be grateful to them for.However it cant be denied that after losing Dick there has been no ambition with the club and things are steadily declining whether that been the team on the pitch and the matchday experience on the whole. Terry is 80 and has no real passion for it and doesn't want to put any more real money in apart from the very basics.

  So the time would seem perfect for a complete change of ownership and fresh blood and ideas to create some momentum and positivity around the place, that however comes with its own risks as has been proved many times and at least with the current board we don't have to worry about debt and the future of our club.That security blanket would be taken away..

  So it's a tough one for me to decide upon, it really is stick or twist..

[silent majority]

The rumour I heard on Tuesday has now made Twitter. I thought it was bullshit when I heard the figure quoted. Apparently Eco Power have bought the club for £35m. If true we're massively in debt or they've got a wealthy backer from somewhere. I still think it's bullshit.

That's exactly what it is, bullshit.

[KC_DRFC]

The rumour I heard on Tuesday has now made Twitter. I thought it was bullshit when I heard the figure quoted. Apparently Eco Power have bought the club for £35m. If true we're massively in debt or they've got a wealthy backer from somewhere. I still think it's bullshit.

That's exactly what it is, bullshit.

Complete Bullshit? Has there been any offers at all from them?

[silent majority]

The rumour I heard on Tuesday has now made Twitter. I thought it was bullshit when I heard the figure quoted. Apparently Eco Power have bought the club for £35m. If true we're massively in debt or they've got a wealthy backer from somewhere. I still think it's bullshit.

That's exactly what it is, bullshit.

Complete Bullshit? Has there been any offers at all from them?

No, not anything you could class as an offer.

They do talk to the club often though, but that's what you'd expect from a company that's the major shirt and stadium sponsor.

[roversdude]

Just noticed that there is an option to submit questions via Bulbshare

[wing commander]

  One things for sure whoever came up with £35m is simply away with the fairy's.There are no real assets apart from the lease on the ground on a stadium that is starting to get a bit tired with plant and equipment soon approaching end of life.The transfer window has ended and we have about 8 players with a collective value of very little..
While we have little debt Frankly i cant see much of a case for anything out of the £3-£7m range tops

[Alan Southstand]

What’s the 3-7 million based on WC, out of interest?

[wing commander]

  tbh without access to all the information it's nothing more than a educated deduction based on the experience i have had in valuations..The lease does have decent value but when you break the rest down what do they own of value to get much past that..?

[scawsby steve]

Does anyone know how much Westferry paid for DRFC, and whether Ken Richardson received any of that?

I seem to remember a figure being quoted, but I might be wrong.

[Lincoln Rover]

Ladies & Gents.
These folk who come on here spouting stupid rumours regarding the club being sold. These are the names & accounts that should be ignored for future reference. The club would spend all day every day answering or commenting on rumours. Trust me there’s no such bid, end of conversation.

[The Beast]

I'd be massively concerned if Eco-Power took over the club.

[roversdude]

I’ve heard whispers of how they’ve made their money

[DonnyBazR0ver]

I’ve heard whispers of how they’ve made their money

Well the  bottom could fall out of 'green recycling' with the incentives, just as it fell out of boobs!

They seem to be expanding their interests just as Lazurus did however, you wonder how solid their business foundations are.

Of course we like to see local businesses thriving but as said above, I doubt they will risk their core business on a football club. If further down the line their relatively young owners set themselves up for life, just as Terry and Dick did, then should they wish to invest as individuals then great.

When I heard the rumour of the £35m buyout on Tuesday, I said they've been done!

The only way I would imagine such sums would come into play is if there was a hostile bid from some distinctly dodgy entity that wasn't in the best interests of the club in the long term.

As others have said though, the clock is ticking, and we would welcome any fresh sound long term investment to take on the baton.